Electric Vehicle

GM and LG Settle to Establish $150 mn Fund for Chevrolet Bolt EV Owners

General Motors (GM) and South Korea’s LG Energy Solution, along with LG Electronics, have reached a settlement to create a $150 million fund aimed at compensating Chevrolet Bolt EV...

Nissan Motor to use low CO2 emission aluminum parts made from green or recycled aluminum

Nissan Motor plans to low CO2 emission aluminum parts made from green or recycled aluminum in new and current models from fiscal year 2024. Aluminum accounts...

Mahindra & Mahindra Announces Rs 12,000 Crore Investment in Electric Vehicle Unit

Automaker Mahindra & Mahindra (M&M) announced its plans to invest Rs 12,000 crore in its electric vehicle (EV) subsidiary, Mahindra Electric Automobile (MEAL), over...

Tesla Commits Over $500 mn to Expand Supercharger Network

Elon Musk, the CEO of Tesla, announced on Friday that the company is set to invest more than $500 million in its Supercharger network...

ABTC Unveils Lithium Hydroxide Pilot Plant from Nevada Claystone Deposit

American Battery Technology Company (ABTC) has initiated the commissioning phase of its lithium hydroxide (LiOH) pilot plant, marking a significant step in the production...

Electric Vehicle Sales Surge, Expected to Transform Auto Industry and Slash Oil Consumption

Electric car sales are projected to represent more than one in five vehicles sold globally this year, says Global Electric Vehicle Outlook from the...

Hyundai Motor Inks Major Renewable Energy Deal for US EV Plant

Hyundai Motor announced the signing of a 174-megawatt power purchase agreement (PPA) with a solar energy project led by Spain’s Matrix Renewables. This agreement...

Tesla Slashes Prices Globally Amidst Declining Sales and Intensifying EV Competition

In a strategic move to address dwindling sales and combat the escalating price war within the electric vehicle (EV) industry, Tesla has announced significant...

Automakers and Energy Companies Gear Up for Bidirectional EV Charging Revolution

Automakers such as General Motors (GM) and Volvo Cars are betting on bidirectional, or vehicle-to-grid (V2G) charging that lets EV owners charge at overnight...

VinFast Reports Surge in EV Deliveries and Revenue

VinFast, Vietnamese electric vehicle manufacturer, has announced a significant increase in vehicle deliveries and revenue for the first quarter of the year. VinFast has reported...

Nissan Motor to Ramp Up Solid-State Battery Production by Early 2029

Nissan Motor, the popular automotive manufacturer in Japan, is set to embark on large-scale production of solid-state batteries for electric vehicles, with plans to...